Disproportional voting rights and shareholder wealth: the evidence from the US dual class firms
I use a unique sample of 617 U.S. firms adopting the dual class structures for at least a period of their lifetime from 1994 to 2013 to examine the relation between the presence of disproportional voting rights and outside shareholder wealth. I find that the presence of restricted-voting shares is i...
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| Format: | Thesis (University of Nottingham only) |
| Language: | English |
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2018
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| Online Access: | https://eprints.nottingham.ac.uk/50862/ |